Could THAAD Backlash Derail Regional Harmony?


South Korean President Park Geun-hye’s unilateral decision to deploy a Terminal High Altitude Area Defence (THAAD) missile defence system has sparked serious backlash and protests at home. Many South Korean voters argue that the THAAD’s powerful radar system would make the country a key military target.

In addition, the South Korean defence ministry, in vowing to minimise any impact from THAAD on citizens and the environment, has validated these concerns.

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Categorized as South Korea

Young South Koreans Losing Interest in the North


It is not easy being a young person in globalised South Korea. The intense competition that defines South Korea’s education system and the irregular employment market that awaits graduates has led to rising inequality, falling birth rates, insecure employment and high numbers of youth suicide. Beyond South Korea’s domestic wellbeing, globalisation and its accompanying economic insecurity also have implications for foreign affairs, particularly attitudes towards North Korea.

Is South Korea Facing ‘Lost Decades’?


In recent years, the South Korean economy has slowed significantly. South Korea’s average annual growth rate has fallen from a high of 9.8 percent in the 1980s to an average of just 2.7 percent over the last five years.

Many of the big South Korean industrial giants, such as Samsung and Hyundai, have increasingly moved their new investments abroad to low-cost regions in South Asia and Eastern Europe.

South Korea’s High Growth Model has its Shortcomings


Just a few decades ago, South Korea was seen as a model for achieving both growth and equity. In the past half-century, South Korea has gone from being one of the poorest societies in the world to an advanced industrialised economy, joining the OECD in 1996. The country’s rapid industrialisation and export-led development are often cited as an example of ‘compressed growth and transformation’ in the developing world.

Practicing Responsible Middle-Power Diplomacy is South Korea’s Way Forward


South Korean Foreign Minister Yun Byung-se once again defended the deployment of the Terminal High Altitude Area Defense (THAAD) missile system on the Korean peninsula in a meeting with his Chinese counterpart Wang Yi in late July. Wang responded that Seoul’s decision had ‘harmed the foundation of mutual trust’ between their two countries.

South Korea’s Social Demands Outpace Social Spending


South Korea’s economic rise since the 1960s could be attributed to many factors: its geographic position, a homogenous and hard-working population, sound economic governance exercised by authoritarian governments, and a conducive geopolitical environment. It has economically matured, having raised its per capita income fivefold since the 1950s, when it was estimated to be lower than India’s.

Homophobia Still Front and Center in South Korean Politics


A notable element of South Korea’s general elections in April 2016 was the hypervisibility of anti-gay political rhetoric, promulgated especially by the fledgling Christian Liberal Party (CLP). An ultra-conservative Protestant political party established in March 2016, the CLP ultimately failed to gain a seat in the National Assembly — but it came close, earning 2.6 percent of votes nationwide, just shy of the 3 percent required for a proportional representation seat.

Brexit Vote and Domestic Hurdles Hamper South Korean Economy


South Korean officials contend that the Brexit vote will have a slight impact on the economy, according to The Hankyoreh. The government is also concerned about the U.S. Federal Reserve’s potential interest rate hike and troubles within the shipbuilding industry. The South Korean economy is also plagued by low exports, a weak job market/ and corruption.

South Korea’s New Anti-Corruption Law Could Have Economic Ramifications


The South Korean government will implement a new law known as the Improper Solicitation and Graft Act in September, which bans pricey gift exchanges during business transactions, according to Bloomberg.

Critics contend that the law will affect an economy already suffering from low consumption and lackluster GDP growth. Under the mandate, officials cannot receive meals over 30,000 won and gifts over 50,000 won, but journalists and teachers would be subject to the same rules.

The South Korean President may have to Redefine ‘Winner’


General elections are around the corner for South Korea, scheduled for 13 April 2016. The road to the polls has been rocky, beginning with the delayed approval of electoral boundaries. The redrawn electoral map was finally passed on 2 March, more than four months past the deadline.